The Waco daily examiner. [volume] (Waco, Tex.) 187?-1888, 1887-10-19
'Eiic Railroad situation.

This Is ever an interesting theme in
"a country such ~ TcNA, where the !
Supply OF TIE roads j. and always ha,
hecu. mort OF the demAud. Early las
spring, or rather IN the latter part OF
of winter. there was great activity.
The Arkansas Pass railway was pu-h-
ing for Waco with almost superhu
man activity The Narrow Guage
ws- hcsding for the wllds west OF
Burnet and even west OF the pecos
1t was also driving branch from
COrslcana to llillsboro and talk was
had of an international extension for
the branch. The Atkinson, Topeka
and Santa Fe were talking about a
line from Dallas direct to Waco, and
the Missouri Pacific would have the
Dallas and Waco completed in ninety
days. These are only few of the
enterprises talked of and being push
ed in various ways and in infinite va
riciy Of direction on the local board
at Waco, aud we have said nothing of
the Midland, Bin Tayor's road, and
the Brazos Bottom and Southern, or
something OF that kind. All was &C
tivitY. all Was push, vlm and cOnti>
dencc The air was filed with the
note OF preparation, and on every hand
were seen committees, real estate
owners and agents rushing about with
their arms full of reports
papers, books aud pamphlets,
Things locked promising, we can
tell you. Many men owning single
lots in Waco were afraid to go to bed,
for fear they could awake in the
morning and find themselves rich.
The banks were anxious for you to
take their money at II per cent.
merchants had everything the farm
crs needed and we're willing to APP
point the coming Christmas rs gen
neral pay day Farmers were busy
taking in new land buying new i'm
proved implements, better stock and
in every way they too were RESPOND
ing to the spirit Of activity and pro
gress seen III every other line of in
dustry.
All at once there came a change.
a great quiet fell upon Tho roads.
The heroes of the pick and shovel laid
these useful but noisy implements of
progress aside and the canvas, cabin
WAS rolled up and disappeared from
Texas. The single lot gentry slept
souudly O nights again No dream
of sudden wealth settled over their
pillows to the numbering of sleep. a
chill came and men wrapped their !
schemes of Improvement about them
and sadly shook their heads,
whenever the matter of |
margins were mentioned. What was
il; What demon OF unrest, of lack
confidence was it who on evil wing
stopped over the fair scene OF com.
mcrcial activity which we have family
sketched above? All. Jay Gould
wanted to gobble Garrett, and the
Baltimore and Ohio, and he was short
on other securities and depressed
market only could help him out.
Congress had failed TO listen to the
demand tor y lower rate of taxation
and for the disagreement of some of
the idle Lordes in the nited States
treasury aud just in the nick of time
and to the great tinaucier's hand came
the convection that there would be u
short crop generally but particularly
ii short cotton crop. Here were the
conditions necessary aud all these
promising schemes of development
we're uipped IN the bud at once. and
our railroad schemes are rolegated to
a day when the general prosperity !
induced by Il wiser governmental .
policy and a more bcncticeut provi. /
deucc, brings plenty of money and
the promise of good crops with it,
This wlll set our railroad schemes TO
working again and all the other
interests dependent upon it to work
Ing. Real estate men Will again dream
dreams, and al will be rosy and /
fresh.
What we want to get at Is this
There is too much dependent upon
the speculative schemes of one man,
and the planters OF Texas are too
much dependent upon the rains,
which come;h not, and the govern
ment policy of piling up money i'll
the treasury, instead of keeping it in
general circulation. There must be
plans evoked by which the misery
following reckless speculation, and
the accumulation of such enormous